Brophy: Fossil fuel assets are the new subprime mortgages
Kathleen Brophy · A historic climate rule from America’s financial regulator · Apr 6, 2022 · at 16:09
Kathleen Brophy, a climate finance advocate, discusses why the fossil fuel industry opposes proposed SEC mandatory climate disclosures on The Carbon Copy podcast.
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“The fact that fossil fuel assets are basically the new subprime mortgages. It's existential for them because some of these disclosures could expose that.”
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